Some things warrant further discussion. This, then, is a collection of things that don't.
Today brings news that banks are lending less to business customers yet again. What a surprise. The actual surprise is how everyone finds this so shocking. If we're going to have a stable recovery then it can't be one built on the sand foundations of credit as it was before. Businesses need to be operating with positive cash flow and without mounting debt just to finance their day to day operations. Yes, credit is important to finance certain projects, absolutely. But ...